June 11 #Options | High & Unusual Volume: Stocks & ETFs

The power of options lies in their versatility as they present a world of opportunity to sophisticated investors (see the 32Trades version of “Options 101“). This versatility, however, does not come without its costs and, despite what anybody tells you, option trading involves risk, especially if you don’t know what you are doing. It’s for this reason why ONLY risk capital should ever be used.

One easy way to get a feel for options, or even bank on them, is to “follow the money.”

The lists below are the highest volume options traded today. When looking into one, visit StockCharts or your trading platform to pull up the chart so you can visualize and track the divergences, PPS spikes, and get a feel for why the volume was so high and if it is one you might want to track.

Top 10 Stock Options Traded

Symbol

Type

Strike

Exp Date

Last

Volume

OI

IV

GPRO

Put

6

10/19/18

0.65

78,423

41,869

57.11%

GPRO

Put

7

01/18/19

1.52

76,293

14,623

56.53%

AMD

Call

16

06/15/18

0.25

59,688

31,604

63.31%

WFT

Put

3.5

06/15/18

0.09

50,413

153,350

75.10%

AAPL

Call

215

07/20/18

0.2

41,889

6,202

20.21%

AMD

Call

15.5

06/15/18

0.48

40,160

14,664

60.45%

BAC

Call

31

06/15/18

0.05

35,851

118,694

30.16%

AMD

Put

15

06/15/18

0.1

31,606

18,674

61.94%

AMD

Call

14

07/20/18

2.03

31,308

63,350

46.56%

FB

Call

190

06/15/18

2.75

30,448

55,804

27.21%

Top 10 ETF Options Traded

Symbol

Type

Strike

Exp Date

Last

Volume

OI

IV

SPY

Call

280

06/15/18

0.6

72,003

175,396

11.62%

EEM

Call

48

07/20/18

0.27

53,904

155,684

13.59%

EEM

Put

46

06/15/18

0.26

51,552

246,341

25.92%

QQQ

Put

157

01/18/19

3.86

45,217

21,635

21.64%

SPY

Call

279

06/11/18

0.01

43,310

8,388

1.75%

SPY

Call

282

06/13/18

0.11

41,166

4,357

17.76%

SPY

Put

279

06/11/18

0.38

39,604

307

2.74%

SPY

Put

276

06/15/18

0.86

38,413

17,602

18.71%

SPY

Call

279.5

06/11/18

0.01

37,989

2,660

3.29%

SPY

Put

270

06/15/18

0.18

34,404

126,367

23.43%

Unusual Options Activity

Provides insight on what “smart money” is doing with large volume orders. Option volume that exceeds open interest signals new positioning.